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Great Depression & the New Deal Flashcards | StudBud
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Great Depression & the New Deal
Great Depression & the New Deal
25 terms
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StudBud Administration
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89 plays
A #ushistory #great depression #new deal review game.
Flashcards
25 cards
F
Practice quiz
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Host live
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Questions
25
Answers
1
What was NOT a component of the New Deal?
Reform
Relief
Reconstruction
Recovery
2
What caused many of the bank closings during the Great Depression?
the Fed lowered interest rates dramatically
Over-regulation of banks by the Fed
Stiff competition from foreign banks
People couldn't pay back loans after the crash
3
What does FDIC stand for? What was its purpose?
Federal Documents in Court; examine New Deal policies
Federal Deposit Insurance Corporation; protect bank accounts
Federal Deposit Insurance Company; loan money to banks
Federal Deposit Corporation; set limits on bank accounts
4
What caused the Dust Bowl?
poor farming practices
drought
wind storms
combination of drought and wind storms
5
What is the Federal Reserve System?
System for reserving stocks for stock brokers
The nation's central bank
Standards for saving money
Regulation of the Stock Market
6
FDR used the radio, during the _ to explain his policies in simple terms to the American people
Radio with Roosevelt
State of the Union address
fireside chats
Public Works
7
What is an example of Hoover's philosophy at work?
establishment of the Reconstruction Finance Corporation
increasing tariffs
farm cooperatives
building the Hoover Dam
8
What was Roosevelt's top priority when he took office?
regulate the stock market
create a workforce
rescue the banks
establish new housing
9
What event is considered the first sign of the Great Depression?
the stock market crash of 1929
the election of Herbert Hoover as president in 1928
the Tariff Act of 1930
the passage of the New Deal in 1932
10
What does buying on margin mean?
Buying stocks in hopes of making a profit.
Buying stocks with loans from stockbrokers.
Buying more stocks if the price rose sharply.
Buying stocks at very low prices.
11
What best describes the feelings of investors prior to the Great Crash?
Investors chose to buy in the stock market rather than save.
Many investors believed the stock prices would never drop.
Speculation was not as risky as people believed.
Investors believed the stock market would make them rich.
12
What are Hoovervilles?
shantytowns where the homeless lived
homes given to the unemployed
large productive farms
Areas of new home construction
13
Families would could not save money relied on _____ to purchase goods.
jobs/paychecks
credit
investments
government
14
Which group benefited from Social Security coverage?
Farmers
Racial minorities
Older Americans
Unionized workers
15
What was a major result of the Dust Bowl?
Many farmers left and migrated to places like California
Helped many farmers to maintain their farms
The region emerged as a major agricultural producer
Led many farmers to oppose Roosevelt's New Deal
16
The Great Depression can be described as
an era of unstable government and foreign policy
a period of spending and investing
the time when farming was the best job to have
the most severe economic downturn in US history
17
Which of the following best explains Hoover's philosophy on government and business?
Government and private business should not work together
Direct aid to the people would provide relief and recovery
Partnerships between both would make the economy efficient.
Support of large corporations would help the economy
18
Which region suffered from the Dust Bowl?
the whole country
California and Arizona
Great Plains
South
19
What is the worst day in the history of the stock market?
October 31, 1932
Black Friday
October 29, 1929
Black Tuesday
20
What happened to stock prices on the New York Stock Exchange from 1920-1929?
They dropped rapidly due to overproduction
They rose steadily as people from all walks of life invested
They made a slow recovery from the economic downturn.
They stayed relatively stable.
21
What was the Supreme Court's response to the New Deal?
Strengthened it by holding up all of its laws
Split the Supreme Court and became a divisive issue
Refused to hear cases dealing with the New Deal
Limited it by declaring many laws unconstitutional
22
Which of the following is NOT a cause of the Great Depression?
overproduction
unequal distribution of wealth
over-speculation
unemployment
23
Which was NOT an effect of the stock market crash?
Unemployment rose
world trade dropped
Many people sold shares for more than they paid.
Banks failed
24
Which of the following would result in foreclosure?
over investing in the stock market
not making loan payments to the bank
farm over production
having too much credit
25
Unemployment resulted in all of the following EXCEPT
Bread lines and soup kitchens
poverty
increase in suicide rates
new homes built in Hoovervilles
